National Chamber to hold session with Norway Ambassador

A session on ‘Bilateral trade between Sri Lanka and Norway’ will be held on Wednesday, January 20, 2016 from 3:00 to 4:30 p.m., at the Chamber Auditorium, No: 450, D R Wijewardene Mawatha, Colombo 10.  

Oil price falls below US $ 28 a barrel as Iran sanctions lifted

?BBC: The oil price has fallen below US $ 28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem.

Shares fall to near 19-month low on rising rates

REUTERS: Sri Lankan share index fell about 2 percent to near 19-month low yesterday due to rising yields and as investors sold their stocks to settle margin trading, brokers said.

IEEMA delegation promotes Elecrama-2016 in Colombo

?Aiming to strengthen the trade partnership between India and Sri Lanka, a high-profile delegation from the Indian Electrical and Electronics Manufacturers’ Association (IEEMA) visited Sri Lanka last week to promote Elecrama-2016 and boost economic ties between the two nations.

SriLankan’s carbon footprint second lowest in Asia Pacific

An international travel magazine has ranked the national carrier SriLankan Airlines among the airlines with the lowest carbon footprint in the Asia-Pacific region. 

RPCs condemn attack on Lelwala estate executives

?Condemning the recent attack on the manager and the field executive of the Lelwala Estate managed by Elpitiya Plantations, the Regional Plantation Companies (RPCs) have urged the authorities to take immediate and strict action against the perpetrators. 

Top EU delegation in town to discuss GSP Plus

A high profile mission from the European Union (EU) headquarters in Brussels comprising of officials from the European Commission (EC) and European External Action Service (EEAS) will be visiting Sri Lanka from today to January 22,

OBG prepares to launch first-time country report

Better marketing and branding of Sri Lankan teas overseas, together with the potential for liberalising the industry, were just some of the issues discussed with Rohan Pethiyagoda, the newly inducted Chairman of the Sri Lankan Tea Board,

Oxfam says wealth of richest 1% equal to other 99%

?BBC: The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.

Sri Lanka telco outlook improves with new budget: Fitch

Fitch Ratings has revised the outlook on Sri Lanka’s telco sector to stable from negative as the new budget, introduced in November 2015, has scrapped the recurring taxes which could have diluted the industry’s EBITDA margin by an average of 6-7 percent. 

Sri Lanka aims to lure US $ 5bn in FDIs next three years

Confident that the Yahapalanaya has paved the way to bring nothing but fortune to the nation, a top Cabinet Minister said Sri Lanka aimed to attract foreign direct investments (FDIs) of US $ 5 billion within the next three years.

President opens new BOC Welikanda, Aralaganwila branches

?Bank of Ceylon (BOC) opened its 626th newest branch in Welikanda and relocated its Aralaganwila branch recently. 

Lasantha to be inducted 23rd CA Sri Lanka President

Lasantha Wickremasinghe will become the 23rd President of the country’s apex body of chartered accountants - CA Sri Lanka - replacing the incumbent President Arjuna Herath.

NDB Wealth wins Global Banking & Finance Review Award

Expert financial planner NDB Wealth has kicked off the new year by winning a coveted international award presented by the prestigious Global Banking & Financial Review magazine. 

CIMA 2016 board induction today

The Chartered Institute of Management Accountants (CIMA) will hold the induction of its Sri Lanka board today, in which Manjula de Silva is to be inducted as the Chairman of the board for 2016. 

Two leaves and a bud! But do we have a product?

Any product has a life cycle and the same concept applies to tea.  Diversification is a process that takes place when the product reaches the stage of ‘declination’ in the market with the passing of time. Although it happened to the production of tea a few decades ago, the decision makers have been ignorant due to reasons best known to the industry. 

Barista Lavazza celebrates true meaning of the season with giving

?Barista Lavazza, Sri Lanka’s most popular coffee house chain celebrated the season by making a difference in a child’s life. 

HNB Grameen takes lead in child protection issues

Two inaugural conferences of a series of awareness raising conferences organized by HNB Grameen Finance Ltd under the theme “For a protected generation of children” with a view to enlightening the entire society on child abuses encountered ...

Laugfs’ annual book gifting campaign rolled out for 11th year

?The Sri Lankan business conglomerate, Laugfs Holdings Limited, demonstrated its continuing commitment to forging strong bonds with its employees by recently organizing its annual gifting of books and stationery as part of its Staff Welfare Program for the 11th consecutive year.

Berendina holds fund raising walk for ‘Rural Student’ scholarship program

?“A Walk for Education”, an initiative taken by Give2SriLanka, (www.give2SriLanka.com) was held at the Racecourse Grounds, Colombo 7 recently. 

Uber launches most affordable option ‘uberGO’ in Sri Lanka

?Uber, Sri Lanka’s fastest growing on-demand personality mobility app, announced the launch of uberGO in Colombo. 

Intel brings home top awards, recognition from CES 2016

?At CES 2016 last week, Intel Corporation announced innovative technologies and collaborations aimed at delivering amazing experiences throughout daily life. 

Vikas and Delaware Consulting to offer E-Commerce software using Sitecore

?Internationally known software company Delaware will be partnering Vikas, a local software development company to develop an E-Commerce application in Sri Lanka using Sitecore, a software built on the Microsoft Platform.

Radius Global and Vitro Communications launch Online Lead Generation Solution for businesses

?The vast amount of information easily attainable online has resulted in the rise of the “self-guided buyer”. 

ADMO Solar receives Gold for Green Mark Certification

ADMO Solar, Sri Lanka’s premier Solar Energy Solutions provider reached new heights as the only company in the solar energy industry in Sri Lanka to be awarded the ‘Green Mark Certification-Gold Award’ presented by the Ceylon Institute of Builders

Godfather of modern cooking Marco White at Cinnamon Grand

Marco Pierre White, the ‘Godfather of modern cooking’ and celebrated restauranteur arrived at Cinnamon Grand last afternoon and was given a warm welcome by the Cinnamon Grand team as he begins his 12-day tour in Sri Lanka. 

Colombo hosts Ogilvy Public Relations annual leaders conference

?Colombo played host to over 70 worldwide leaders from internationally renowned agency Ogilvy Public Relations this week. 

JITF to feature higher education exhibition

?The Jaffna International Trade Fair (JITF), the most comprehensive multi-product exhibition in the North, will feature a specialized ‘higher education and career guidance’ pavilion, during the three days of this mega trade and consumer show.

DFCC Bank keeps growing with the opening of a new branch in Kaduwela

DFCC PLC recently opened its latest branch in Kaduwela on Monday, 18 January 2016 which is located at No 506 G, Colombo Road, Kaduwela. The ceremonial opening of the new branch was attended by Mr. Arjun Fernando, 

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